Heritage Insurance (HRTG) Stock Price, News & Analysis

Company Overview

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance. It also provides restoration, emergency, and recovery services; property management, and reinsurance services; homeowners insurance products, including single-family, homeowners or duplex, and condominium owners; and dwelling fire insurance policies. In addition, the company provides personal line policies through a network of retail independent agents, wholesale agents, and a partnership with a direct agency, as well as distribute indirectly to retail locations through wholesale agency relationships. Further, it offers personal and commercial insurance policies through a network of independent agencies. The company was founded in 2012 and is headquartered in Tampa, Florida.

Key Stats

• Today's Range: $11.21 to $11.99
• 50-Day Range: $9.94 to $12.68
• 52-Week Range: $5.51 to $16.90
• Volume: 298,369 shs
• Average Volume: 440,194 shs
• Market Capitalization: $362.68 million
• P/E Ratio: 4.73
• Dividend Yield: N/A
• Price Target: $10.67
• Consensus Rating: Moderate Buy

Heritage Insurance Stock Analysis - MarketRank™

Heritage Insurance scored higher than 86% of companies evaluated by MarketBeat, and ranked 201st out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Heritage Insurance has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Heritage Insurance has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 70.87%

Earnings Growth

Earnings for Heritage Insurance are expected to grow by 70.87% in the coming year, from $1.27 to $2.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Heritage Insurance is 4.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Heritage Insurance is 4.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.80.

Price to Book Value per Share Ratio

Heritage Insurance has a P/B Ratio of 2.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.73% of the float of Heritage Insurance has been sold short.

Short Interest Ratio / Days to Cover

Heritage Insurance has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Insurance has recently decreased by 1.70%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Heritage Insurance does not currently pay a dividend.

Dividend Growth

Heritage Insurance does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Heritage Insurance is 9.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Heritage Insurance will have a dividend payout ratio of 11.06% next year. This indicates that Heritage Insurance will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -0.68

Percentage of Shares Shorted

3.73% of the float of Heritage Insurance has been sold short.

Short Interest Ratio / Days to Cover

Heritage Insurance has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Insurance has recently decreased by 1.70%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: N/A

News Sentiment

Heritage Insurance has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Heritage Insurance this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for HRTG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Heritage Insurance to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Heritage Insurance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $50,560.00 in company stock.

Percentage Held by Insiders

14.00% of the stock of Heritage Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

59.03% of the stock of Heritage Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HRTG Stock Analysis - Frequently Asked Questions

How have HRTG shares performed this year?

Heritage Insurance's stock was trading at $6.52 at the beginning of the year. Since then, HRTG stock has increased by 81.3% and is now trading at $11.82.
View the best growth stocks for 2024 here.

How were Heritage Insurance's earnings last quarter?

Heritage Insurance Holdings, Inc. (NYSE:HRTG) posted its quarterly earnings results on Wednesday, November, 6th. The insurance provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.02 by $0.25. The insurance provider had revenue of $211.85 million for the quarter, compared to analysts' expectations of $209.91 million. Heritage Insurance had a net margin of 9.10% and a trailing twelve-month return on equity of 29.17%.

How will Heritage Insurance's stock buyback program work?

Heritage Insurance's board approved a share buyback plan on Monday, December 9th 2024, which permits the company to buy back $10,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Who are Heritage Insurance's major shareholders?

Heritage Insurance's top institutional shareholders include Geode Capital Management LLC (1.64%), Connor Clark & Lunn Investment Management Ltd. (1.27%), State Street Corp (1.21%) and Assenagon Asset Management S.A. (0.77%). Insiders that own company stock include Raymond T Hyer, Ernie J Garateix, Richard A Widdicombe, Kirk Lusk, Nicholas George Pappas and Paul L Whiting.
View institutional ownership trends.

How do I buy shares of Heritage Insurance?

Shares of HRTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Heritage Insurance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Heritage Insurance investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Meta Platforms (META), e.l.f. Beauty (ELF), Adobe (ADBE) and EMCOR Group (EME).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:HRTG
• CUSIP: N/A
• CIK: 1598665
• Web: www.heritagepci.com
• Phone: (727) 362-7202
• Fax: N/A
• Employees: 650
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.67
• High Stock Price Target: $13.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: -9.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.50
• Trailing P/E Ratio: 4.73
• Forward P/E Ratio: 9.31
• P/E Growth: N/A
• Net Income: $45.31 million
• Net Margins: 9.10%
• Pretax Margin: 10.95%
• Return on Equity: 29.17%
• Return on Assets: 3.12%

Debt

• Debt-to-Equity Ratio: 0.42
• Current Ratio: 0.76
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $793.69 million
• Price / Sales: 0.46
• Cash Flow: $1.26 per share
• Price / Cash Flow: 9.39
• Book Value: $5.65 per share
• Price / Book: 2.09

Miscellaneous

• Outstanding Shares: 30,684,000
• Free Float: 26,388,000
• Market Cap: $362.68 million
• Optionable: Optionable
• Beta: 1.02